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Business, 10.07.2019 04:40 ShlomoShekelstein

Journalize the following transactions for the seller, hall company, using the gross method to account for sales discounts. assume a perpetual inventory system. make sure to enter the day for each separate transaction. august 6 sold goods costing $6,000 to johnson company on account, $10,000, terms 4/10, n/30. the goods are sold fob shipping point, freight prepaid by seller, $50. august 12 johnson company returned damaged merchandise previously purchased on account, $1,200. august 16 received the amount due from johnson company. note: the entry to record the shipping payment to the delivery company is not required in this problem.

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Journalize the following transactions for the seller, hall company, using the gross method to accoun...
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